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Spartan Resources Limited (ASX:SPR)

ALERT: Price-sensitive ASX Announcement for SPR
Current share price for SPR : $2.130 0.185 (9.51%)+
Announcement
Release
21 Jul 2025 1:26PM
Price at Release
$1.945
Full Release
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Summary
Spartan Resources Limited announced that the Supreme Court of Western Australia has approved the scheme of arrangement under which Ramelius Resources Limited will acquire all shares in Spartan Resources. The approval follows previous positive votes by Spartan shareholders and the fulfillment of all other necessary conditions precedent. The scheme will become effective upon lodgment with the Australian Securities and Investments Commission, and Spartan shares are expected to be suspended from trading on the ASX. The acquisition marks a significant development for Spartan, positioning its shareholders to benefit from the combined potential of the merged entities. Details regarding the implementation date and next steps are provided, and Spartan will keep shareholders informed as the acquisition process proceeds.
Key Points
  • Supreme Court of Western Australia approved the scheme of arrangement for Ramelius Resources to acquire Spartan Resources.
  • Spartan shareholders previously voted in favor of the scheme.
  • All necessary conditions precedent for the scheme have been satisfied or waived.
  • Scheme becomes effective upon lodgment with ASIC.
  • Spartan shares to be suspended from ASX trading following scheme becoming effective.
  • Acquisition positions Spartan shareholders to benefit from the merged company.
  • Implementation date and next steps are provided in the announcement.
  • Spartan will continue to update shareholders through the acquisition process.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.